Open Interest surged to $3.22 billion Thursday to levels not seen since February.
Bitcoin Futures News
Bitcoin futures are a type of Bitcoin (BTC) trading that speculates on the upcoming price of the asset. Various BTC futures trading contracts exist with different expirations. Participants buy and sell Bitcoin futures contracts based on how they think Bitcoin’s price will perform in the future. Bitcoin futures contracts can be bought and sold before expiration. Once contracts expire, they are settled, and the holder receives the contracts’ worth in Bitcoin or cash, depending on the trading product and the going market rate for Bitcoin at the time. Cash-settled BTC futures pay out contract holders in cash, while physically settled Bitcoin futures pay out in BTC.
A number of crypto exchanges offer Bitcoin futures trading. Bitcoin futures also trade on mainstream markets through multiple avenues. The Chicago Mercantile Exchange, or CME, offers cash-settled Bitcoin futures, in addition to Bitcoin options on those futures.
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According to Bloomberg senior ETF analyst Eric Balchunas there are “good signs” that the SEC will approve Bitcoin futures ETF applications from Ark Invest and Valkyrie.
10440BTC price rejected near $58,000, but derivatives data shows traders positioned neutral-to-bullish, leaving sufficient “room” for a new all-time high in 2021.
21167Bitcoin price refuses to pull back despite Bollinger Bands and Fear and Greed pointing to an overheated rally.
29615Traders wound up their long Bitcoin derivatives contracts ahead of the October price rally, ignoring solid on-chain fundamentals.
7963Bloomberg senior analyst Eric Balchunas says there is a 75% chance that the SEC will approve a Bitcoin futures ETF this month.
17296The listed crypto options providers named by the CFTC include relatively unknown names such as Bitfxprofit, Star FX Pro, Smarter Signals and BinanceFx Trade.
2286Larry Fink, chief executive officer of BlackRock, said in July that the company was seeing "very little in terms of investor demand" for cryptocurrencies.
5770Genesis has introduced a trading method that allows institutional investors to trade Bitcoin futures contracts based on their end-of-day closing price.
4518Ether futures are currently trading at a premium as investors make the switch from Bitcoin-based products.
11762On Tuesday, SEC Chair Gary Gensler re-confirmed his plan to crack down on cryptocurrencies, and traders’ regulatory concerns are confirmed by this key Bitcoin futures and options indicator.
10684The Evergrande fiasco appears to be driving the correction in global stock markets, but data shows this isn’t deterring pro traders from buying the BTC dip.
24972Deutsche Boerse-operated exchanges such as Eurex and Xetra continue moving into the crypto derivatives market.
4836Bitcoin is leaning toward the $40,000 level, but derivatives data shows traders are holding a neutral-to-bullish stance.
12271The DYDX governance token becomes the latest airdrop to surpass $100,000 for the most active users, and the DEX’s transaction volumes highlight the rising popularity of layer-two platforms.
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